suppose the demand for widgets is given by the equation Q=160-2P.
A) calculate the elasticity of demand at the price $30
B) is the demand curve elastic or inelastic at that price?
C) will an increase in widget production increase total revenue, decrease total revenue, or not change total revenue?

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suppose the demand for widgets is given by the equation Q=160-2P.
A) calculate the elasticity of demand at the price $30
B) is the demand curve elastic or inelastic at that price?
C) will an increase in widget production increase total revenue, decrease total revenue, or not change total revenue?

Mathematics

Stacey Warren - Expert brainly.com

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